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Jan 15, 2013
01/13
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KICU
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. >> reporter: he said if washington fails to act on the debt creel, the national economy could dip, throwing all of the numbers off. >> that's going to have a very significant effect on revenues in california. >> reporter: the govern's budget that was released last thursday will be revised or updated in may. that is when we will truly know if our surplus plus has grown with the economy, or if it has dropped. >>> it doesn't look like survivors who filed lawsuits against pg & e are for the deadly san bruno explosion will go to trial. during a hearing in san mateo county superior court today, attorneys said they have come up with a process that should take about 90 days to settle the remaining legal claims. about 320 residents filed suit, and so far mediation efforts have netted settlements for some 120 plaintiff. >>> family members and politicians are calling for more resources to prevent military suicide as the number of suicides last year surged. numbers obtained from the pentagon show there were 349 suicides by service men and women in 2012. that's almost one a day, and also 48 mor
. >> reporter: he said if washington fails to act on the debt creel, the national economy could dip, throwing all of the numbers off. >> that's going to have a very significant effect on revenues in california. >> reporter: the govern's budget that was released last thursday will be revised or updated in may. that is when we will truly know if our surplus plus has grown with the economy, or if it has dropped. >>> it doesn't look like survivors who filed lawsuits...
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Jan 16, 2013
01/13
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KICU
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wal-mart's president says hiring 100,000 vets over the next five years will help jump start the economy. >> about everybody here started in an entry level job, i did. >> reporter: but elmer who works with returning veterans says wal-mart might include extending the officer including all veterans not just the ones coming home now. >> it's a great way to honor their service. i don't think veterans should have to fight for a job. >> reporter: wal-mart is often criticized for its low paying jobs and treatment of workers. today's announcement will likely help the company's imagine. >>> new at 10:00 tonight an armed robbery inside an east bay home improvement store it happened shortly after 7:00 tonight at the home depot in san leandro on davis street. two men one armed with a handgun held up a cashier. there's no word on how much cash was taken. one person fainted and was taken to the hospital. no one saw the man leave so there's no description of the man. >>> sheriff's deputies found a car parked across from the sonoma state campus in santa rosa last night. deputies say they recognized the
wal-mart's president says hiring 100,000 vets over the next five years will help jump start the economy. >> about everybody here started in an entry level job, i did. >> reporter: but elmer who works with returning veterans says wal-mart might include extending the officer including all veterans not just the ones coming home now. >> it's a great way to honor their service. i don't think veterans should have to fight for a job. >> reporter: wal-mart is often criticized...
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Jan 20, 2013
01/13
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WBAL
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head to the private economy page of wbal-tv.com. >>> 11 news reporter has the weekend blam berg business repo -- bloomberg business report. >> get ready to pay more for groceries. a drought can wreak havoc on food prices again. the drop that sent some crop prices to records over the summer could stretch into the second year. as we get ready to celebrate the life and legacy of dr. martin luther wing jr. on monday it has hurt people of color with overall economic well-being toward blacks and latinos. are you looking for a new home? how about the husband on 1600 pennsylvania avenue. according to the real estate firm they have an estimated value of nearly $295 million. in theory as a potential fooibu 30 year fixed mortgage rate 20 percent down payment that works out to 1.1 million a month for the 35 bathroom house. but if the obama's wanted to rent out the white house to another family tenants could expect to pay more than $1.75 million per month in rent. that's pretty pricey. >> now at the new york stock exchange with the wind burg on the weekend report for wbal 11 news. >>> new restaurants
head to the private economy page of wbal-tv.com. >>> 11 news reporter has the weekend blam berg business repo -- bloomberg business report. >> get ready to pay more for groceries. a drought can wreak havoc on food prices again. the drop that sent some crop prices to records over the summer could stretch into the second year. as we get ready to celebrate the life and legacy of dr. martin luther wing jr. on monday it has hurt people of color with overall economic well-being toward...
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Jan 16, 2013
01/13
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KTVU
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walmart's president says getting 100,000 veterans into the civilian work force should help stimulate the economy and after criticism over low pay and benefits it helps boost the retailers image. >>> the san francisco law that requires public construction projects hire a percentage of local workers is set to success the city could expand it. now city manager john wants lower requirement for tech companies that want tax breaks. right foul those employers only have to show they are trying to hire locals for some entry level jobs. >>> lance armstrong doping and deception could cost him millions of dollars. the u.s. postal service sponsored his team from 1990 to 2004. the government has rejected his offer to give back $5 million. armstrong's confession airs to tomorrow. but the world antidoping agency says it will take more than a tv interview. >>> the board of supervisors gave initial approval to a ban on smoking at fairs and festivals including the fillmore jazz festival. promotions would have to mention no smoking is allowed at though events. it would also require one no smoking sign and announcem
walmart's president says getting 100,000 veterans into the civilian work force should help stimulate the economy and after criticism over low pay and benefits it helps boost the retailers image. >>> the san francisco law that requires public construction projects hire a percentage of local workers is set to success the city could expand it. now city manager john wants lower requirement for tech companies that want tax breaks. right foul those employers only have to show they are trying...
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Jan 21, 2013
01/13
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CNBC
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. let's say you pay your guy around 2% to manage your money. that's not much you think. except it's 2% every year. does that make a difference? search "cost of financial advisors" ouch. over time it really adds up. then go to e-trade and find out how much our advice costs. spoiler alert: it's low. really? yes, really. e-trade offers investment advice and guidance from dedicated, professional financial consultants. it's guidance on your terms, not ours. that's how our system works. e-trade. less for us. mor
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth...
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Jan 21, 2013
01/13
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CNBC
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the entire economy has suffered from the fall of lehman brothers. >> so the whole world? >> yes, the whole world. >> when lehman brothers collapsed, 26,000 employees lost their jobs, and millions of investors lost all or almost all of their money, triggering a chain reaction that produced the worst financial crisis and economic downturn in 70 years. anton valukas' job was to provide the bankruptcy court with accurate, reliable information that the judges could use to resolve the claims of creditors picking over lehman's corpse. had you ever done anything like this before? >> i've never done anything like lehman brothers. i don't think anybody else has ever done anything like lehman brothers. >> so your job, i mean, in some ways, your job was to assess blame? >> our job is to determine what actually happened, put the cards face up on the table, and let everybody see what the facts truly are. >> valukas' team spent a year and a half interviewing hundreds of former employees and pouring over 34 million documents. they told of how lehman bought up huge amounts of real estate
the entire economy has suffered from the fall of lehman brothers. >> so the whole world? >> yes, the whole world. >> when lehman brothers collapsed, 26,000 employees lost their jobs, and millions of investors lost all or almost all of their money, triggering a chain reaction that produced the worst financial crisis and economic downturn in 70 years. anton valukas' job was to provide the bankruptcy court with accurate, reliable information that the judges could use to resolve...
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Jan 14, 2013
01/13
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KGO
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but they will not collect a ransom for not crashing the american economy. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the united states of america, is not a bargaining chip. and they better choose quickly because time is running short. last time republicans in congress even flirted with this idea, our triple a credit rating was downgraded. our businesses created the f fewest jobs in any months. and the whole fiasco actually added to the deficit. so, it shouldn't be surprising given all of this talk that people think washington is hurting rather than helping the country at the moment. they see their representatives consumed with partisan brink man ship while they want us to focus on growing the economy and creating more jobs. let's finish this debate. let's give our businesses and the world the certainty that our economy and our reputation are still second to none. we pay our bills, we handle our business. and then we can move on, because america has a lot to do. we got to create more jobs, we got
but they will not collect a ransom for not crashing the american economy. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the united states of america, is not a bargaining chip. and they better choose quickly because time is running short. last time republicans in congress even flirted with this idea, our triple a credit rating was downgraded. our businesses created the f fewest jobs in any months. and the whole fiasco actually added to...
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Jan 17, 2013
01/13
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KGO
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. >>> turning, now, to the economy, a milestone in the housing recoveries. new figures show home foreclosures dropping 17% to a six-year low last month. and construction of new homes hit a nearly five-year high. >>> people with egg allergies will soon be able to get a flu shot. the fda has approved an egg-free vaccine that will be available soon, but only for people 18 to 49 years old. a new study confirms the regular flu shot is indeed safe for pregnant women and their unborn children. >>> and a remarkable story, now, from that helicopter crash in central london just yesterday. the helicopter clipped a construction crane, burst into flames, killing two people, injuring more than a dozen in the process. but the two crane workers survived. why? because they both overslept for the first time in years and were late getting to work. >>> and finally, something of a controversy at subway. a growing movement, now, online has people getting out their measuring tapes showing that the sandwich chain's famous foot-long sub actually falls one inch short. >> oh, no. >> 1
. >>> turning, now, to the economy, a milestone in the housing recoveries. new figures show home foreclosures dropping 17% to a six-year low last month. and construction of new homes hit a nearly five-year high. >>> people with egg allergies will soon be able to get a flu shot. the fda has approved an egg-free vaccine that will be available soon, but only for people 18 to 49 years old. a new study confirms the regular flu shot is indeed safe for pregnant women and their unborn...
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Jan 17, 2013
01/13
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KGO
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we don't really see ourselves with kids in our 20s. >> maybe it's the economy. people with making sure they have enough for themselves first. >> we peaked in california in 1990. >> reporter: dell myers from usc sees a convergence of troubling trends. on top of a declining birthrate, there is a growing senior population. that means a shortage of doctors and caregivers in the supply pipeline to serve the aging. >> basically, there's almost twice as many seniors now per working-age person, or there will will, than tha there have been traditionally. >> reporter: aggravating factors are declining education opportunities and a higher cost of living in california. fewer people are coming to the state, including undocumented workers. myers says the state needs all of them, including the dream act students. >> now they're going to say this. because without the immigrant kids, we would be in a deep hole. >> reporter: a worst case scenario, an eroding tax base. the government demanding more from lower income people. and the future of this baby, a potential revolt. >> this
we don't really see ourselves with kids in our 20s. >> maybe it's the economy. people with making sure they have enough for themselves first. >> we peaked in california in 1990. >> reporter: dell myers from usc sees a convergence of troubling trends. on top of a declining birthrate, there is a growing senior population. that means a shortage of doctors and caregivers in the supply pipeline to serve the aging. >> basically, there's almost twice as many seniors now per...
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Jan 14, 2013
01/13
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KGO
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the president held the last news conference of the first term focusing on the economy and calling on congress to allow more borrowing authority up against the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vice president biden will recommend a robust gun control game plan to president obama including stronger
the president held the last news conference of the first term focusing on the economy and calling on congress to allow more borrowing authority up against the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able...
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Jan 17, 2013
01/13
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KGO
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the city had high hopes this would be a boost to the economy but passengers are rerouted through san jose's biggest competitor. sso, which is indefinite. no estimate on when the planes will possibly be flying again. live from shows for abc7 news. >> thank you very much, amy. >> at two safety meetings a closer look at the collision of a tanker at the bay bridge, "overseas raymar" which scraped against the tower. the bar pilot changed course at the last minute passing under the bridge near treasure island under foggy conditions. the san francisco manner exchange will look at fog rules. the federal investigators say it could take months to determine the true cause. >> governor brown will attend a uc board of regents meeting to discussion the proposed budget and the impact on uc wanting to keep further tuition or fee increases off the agenda. university of california schools will get plenty of financial help from taxpayers after voters approves proposition 30. he wants more teaching, less research, and more students accepted from community colleges. >> san francisco's law banning public
the city had high hopes this would be a boost to the economy but passengers are rerouted through san jose's biggest competitor. sso, which is indefinite. no estimate on when the planes will possibly be flying again. live from shows for abc7 news. >> thank you very much, amy. >> at two safety meetings a closer look at the collision of a tanker at the bay bridge, "overseas raymar" which scraped against the tower. the bar pilot changed course at the last minute passing under...
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Jan 13, 2013
01/13
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KGO
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powerhouse round tables taking on the president's new national security team and his point man to fix the economy. don't miss "this week" with george stephanopoulos coming up at 8:00 right here on abc7. >>> coming up next, a huge turnout, perhaps the biggest ever, for a bay area gun show. why so many people are stocking up. and later, more flu concerns as worries the flu continues to spread and vaccines run alright let's break it down. mom, pop it. ♪ two inches apart, becky. two inches. t-minus nine minutes. [ ding ] [ female announcer ] pillsbury cinnamon rolls. let the making begin. ♪ [ female announcer ] go from zero to pizza in just 60 seconds with totino's pizza rolls and grab a bite of snack-defying, satisfying... because pizza...never...misses. it's on. let's roll. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making begin. that's been wrapped in a flaky crust stuffed with a gooey center toasted up all golden brown then given a delicious design?
powerhouse round tables taking on the president's new national security team and his point man to fix the economy. don't miss "this week" with george stephanopoulos coming up at 8:00 right here on abc7. >>> coming up next, a huge turnout, perhaps the biggest ever, for a bay area gun show. why so many people are stocking up. and later, more flu concerns as worries the flu continues to spread and vaccines run alright let's break it down. mom, pop it. ♪ two inches apart,...
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Jan 17, 2013
01/13
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KGO
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in stores had traces of horse meat threatening to undermine the beef industry central to the rural economy of ireland. one burger tested was 33 percent horse meat. >> you heard jimmy joking about the flu season, though, really is in high gear and doctors are urging everyone to get a flu shop. why pregnant women concerned about the vaccine safety can breathe easier. >> and the body-hugging jeans with a twist, the denim that leaves you with a boost long after you have taken them off and silky >> across the country, president obama's proposed ban on new assault weapons and high capacity clips has struck a nerve among those who make the laws and those who enforce them. recently, lawmakers in texas, wyoming, missouri, and tennessee have rushed to introduce legislation to preempt the president's proposal. sheriffs in oregon and kentucky are refusing to enforce any new gun laws but the power to defy federal law are limited and the rhetoric is simply political posturing. >> if you drink a popular juice to prevent health disease or treat prostate cancer, the federal trade commission says you could
in stores had traces of horse meat threatening to undermine the beef industry central to the rural economy of ireland. one burger tested was 33 percent horse meat. >> you heard jimmy joking about the flu season, though, really is in high gear and doctors are urging everyone to get a flu shop. why pregnant women concerned about the vaccine safety can breathe easier. >> and the body-hugging jeans with a twist, the denim that leaves you with a boost long after you have taken them off...
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Jan 19, 2013
01/13
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KGO
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teetering on the brink like it was in january, twine, the president is still struggling with the slow economy, high unemployment and voters lack of trust and confidence in washington. >> we are poised for a good year if we make smart decisions and sound investments. and as long as washington politics don't get in the way of america's progress. >> before the hard work of the second term begins, the obamas will squeeze in a little bit of sun. in 2009 the president and first lady had a whirlwind night on the town. ten inaugural balls. this year there are just two official balls. one is expected to draw more than 35,000. they will groove to the sounds of smoky robinson, usher, and brad paisley. >> and i like a good party. >> but it could be an early night. the president has a job to do the next day. >> it's been a busy and productive four years. i expect the same for the next four years. >> karen traverse, abc news, washington. >> our coverage of the inauguration begins monday at 4:00 a.m. with a special edition of good morning america. we will also have live streaming coverage at abc7 news.com s
teetering on the brink like it was in january, twine, the president is still struggling with the slow economy, high unemployment and voters lack of trust and confidence in washington. >> we are poised for a good year if we make smart decisions and sound investments. and as long as washington politics don't get in the way of america's progress. >> before the hard work of the second term begins, the obamas will squeeze in a little bit of sun. in 2009 the president and first lady had a...
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Jan 13, 2013
01/13
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KGO
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eye 238
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powerhouse round tables taking on the president's new national security team and his point man on the economy. don't miss "this week" with george stephanopoulos coming up at 8:00 right here on abc7. >>> coming up next, a huge turnout, perhaps the biggest ever, for a bay area gun show. why so many people are stocking up. and later, more flu concerns as worries the flu continues to spread and vaccines run low all over the country. >> >>> huge lines and long waits for ammunition and guns are expected again today at the crossroads of the west gun show. it's in daly city. abc7 news reporter thomas ramon was there yesterday and has a look at the crowds at the cow palace. >> i cannot believe the number of people and cars. >> he is as shocked at the turnout as the organizers of the gun show at the cow palace. thousands came to daly city, many for the same reason and same concern. jalen just bought an ar-15 assault rifle. >> we need to get them now before they take them away. >> did you just buy this? >> i have three at home. this is the fourth. >> there's like 500 people in line just to get ammunitio
powerhouse round tables taking on the president's new national security team and his point man on the economy. don't miss "this week" with george stephanopoulos coming up at 8:00 right here on abc7. >>> coming up next, a huge turnout, perhaps the biggest ever, for a bay area gun show. why so many people are stocking up. and later, more flu concerns as worries the flu continues to spread and vaccines run low all over the country. >> >>> huge lines and long waits...
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Jan 16, 2013
01/13
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KGO
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officials were very excited of the potential boost to the economy. four flights have left san jose if japan since friday. now flights have been canceled. the status for the passengers is to be determineed. mineta said he needed to get back on saturday in time for president obama's inauguration. the f.a.a. is now inspecting the new 787's. >> president obama this morning will reveal new gun proposals in the wake of the sandy hook elementary school making the announcement before 9:00 our time, and he will be joined by children who wrote letters. we will find out exactly what the president proposes and how his daughters are part of the debate. developing news from san jose where police are senatorring for a man who reportedly tried to pull a toddler from her mother's arms as mom stood in front of the home at 5:30 last night on dayo court. the mother said the stranger made a comment about the toddler and that made her uncomfortable so she picked up the child and the man grabbed the girl's legs and tried to put her arm. mom broke free and called police. th
officials were very excited of the potential boost to the economy. four flights have left san jose if japan since friday. now flights have been canceled. the status for the passengers is to be determineed. mineta said he needed to get back on saturday in time for president obama's inauguration. the f.a.a. is now inspecting the new 787's. >> president obama this morning will reveal new gun proposals in the wake of the sandy hook elementary school making the announcement before 9:00 our...
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Jan 17, 2013
01/13
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KGO
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last year and stock prices fell today when the world bank warned washington debt battle could put the economy at rigs being. boeing fell 2% in after hours trading after faa grounded dream liners. and apple stock went up 4%. >> a veteran actor spent golden years here in the bay area has died. he was best known for the role in "diff'rent strokes", playing a wealthy white widower raising two sons of his african american housekeeper. a native of canada he had a long career in the movies and stage a cording to his daughter he died at home in livermore. conrad bain >>> a coalition of consumer groups is asking the federal government to take a look at the lending practices of san francisco based wells fargo bank. >> that is right. they're concerned about a program they claim is like a pay day loan product. >> michael finney is here now with a story of a woman comparing her experience to a debt trap. >> yes this, wells fargo prefers to call the program a direct deposit advance, charging 1 path $50 for every $20 borrowed. your loan must be paid in full when the next check arrives. the fee on the loan i
last year and stock prices fell today when the world bank warned washington debt battle could put the economy at rigs being. boeing fell 2% in after hours trading after faa grounded dream liners. and apple stock went up 4%. >> a veteran actor spent golden years here in the bay area has died. he was best known for the role in "diff'rent strokes", playing a wealthy white widower raising two sons of his african american housekeeper. a native of canada he had a long career in the...
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Jan 14, 2013
01/13
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KOFY
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eye 171
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the president held the last news conference of the first term focusing on the economy and calling on congress to allow more borrowing authority up against the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vice president biden will recommend a robust gun control game plan to president obama including stronger
the president held the last news conference of the first term focusing on the economy and calling on congress to allow more borrowing authority up against the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able...
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Jan 15, 2013
01/13
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KOFY
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eye 110
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president said he will negotiate spending cuts but not with the economy hanging in the balance. >> full faith credit of the united states of america is not a bargaining chip. >>reporter: president challenge is a lot of people we talked to today had no real grasp of what it meant to raise the debt ceiling f.congress raises the debt cell what does it do. puts us more in debt. >> it allows him to borrow more money. >>reporter: half the people we talked to had no idea what the debt ceiling was. she blamed lawmakers. >> i believe honestly they make things purposely confuse to go do whatever they want. >>reporter: so if the president wants to turn up the heat on house republicans he has to make the issue clear and as bruce explains, republicans need to decide if they really want to stand their ground on this issue at the risk of economic down tivrnlt i think a lot has to do yes tea party you want to make a case is this the time to do it and right way to do it. that i think is boehner responsibility to explain that to his caucus members. my unitsing that's what he's planning to do over the nex
president said he will negotiate spending cuts but not with the economy hanging in the balance. >> full faith credit of the united states of america is not a bargaining chip. >>reporter: president challenge is a lot of people we talked to today had no real grasp of what it meant to raise the debt ceiling f.congress raises the debt cell what does it do. puts us more in debt. >> it allows him to borrow more money. >>reporter: half the people we talked to had no idea what...
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Jan 21, 2013
01/13
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KOFY
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a stubborn economy and voters lack of confidence in washington that is mired in partisan dysfunction. senior officials said the address tomorrow will lay out his vision for the next four years. >> he is going to say our political system does not require all of our differences or settle disputes, but it is imperative that our leaders try to see common ground when it can and should exist. >> it stretched out over the long weekend. biden kicked off ahead of obama. he was sworn in by supreme court justice sotomayor. >> the president and vice president laid a wreath at arlington national cemetery and they attended services at historic black church. >> tonight it's quiet on the national mall but tomorrow about 800,000 people are expected to be on hand for president obama's ceremonial swearing in. and he'll hear his ig nug rally address for his second term. >> our coverage of the inauguration begins tomorrow at 4:00 a.m. we'll have live streaming coverage at abc7news.com starting at 6:30 in the morning. >> if you dare go outside today, instead of watching the football game, it was a spectacu
a stubborn economy and voters lack of confidence in washington that is mired in partisan dysfunction. senior officials said the address tomorrow will lay out his vision for the next four years. >> he is going to say our political system does not require all of our differences or settle disputes, but it is imperative that our leaders try to see common ground when it can and should exist. >> it stretched out over the long weekend. biden kicked off ahead of obama. he was sworn in by...
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Jan 15, 2013
01/13
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KICU
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conference, the president warned that not increasing the debt limit is irresponsible and would harm the economy. republicans in the house want spending cuts if the debt ceiling is raised. >>> on wall street, stocks traded mostly sideways as the markets finished mixed. dow industrial gained 18 points. nasdaq dropped 8 weighed down by a decline in apple. the company saw its stocks slump following report apple has cut orsd for iphone 5 components. the report suggests demand for the iphone 5 stagnated relatively quickly. stokss dripped below 500 down $18 and change or 3 and a half percent. apple's all-time high is 700. >>> a bay area pizza chain is giving money back to its workers. ahead in eight minutes how the mistakes it made will be swallowed by customers. >>> the 2013 lease will be priced at just below 29 thousand tlrs. that's a 6 thousand $reduction from the previous model year. based on production of the e lek tris lease sold in the u.s. to tennessee to japan. >>> it's the confession many people have been waiting for. seven-time tour de france winner lance armstrong reportedly admitted to us
conference, the president warned that not increasing the debt limit is irresponsible and would harm the economy. republicans in the house want spending cuts if the debt ceiling is raised. >>> on wall street, stocks traded mostly sideways as the markets finished mixed. dow industrial gained 18 points. nasdaq dropped 8 weighed down by a decline in apple. the company saw its stocks slump following report apple has cut orsd for iphone 5 components. the report suggests demand for the iphone...
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Jan 16, 2013
01/13
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KICU
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eye 121
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economy. the retail giant plans to hire more than 100,000 veterans over five years. wal-mart also says it'll buy $50 billion worth of american-made goods over ten years and help part-time workers who want more hours move to full time. >>> on wall streeshths stocks finished the day mixed. strong retail numbers boosd the dow, which rose by 27. nasdaq, though, lost six point way,ed down in large part by apple. the day was a dubous one for apple which closed below $500 a share for the first time in 11 months. apple is reportedly cutting its orders for iphone parts suggest sales are lacking. for the day apple dpe cliend about $15, more than 3%. >>> facebook took a page out of apple's play book today by inviting the media to a big announce. but as robert honda reports, the new product didn't quite live up to all the hype. >> news agencies from around the world came to facebook's mystery announcement today. founder and ceo mark suker burg unveiled graph search, an advanced search capability that will ultimately allow users to search the data base through their own friends'
economy. the retail giant plans to hire more than 100,000 veterans over five years. wal-mart also says it'll buy $50 billion worth of american-made goods over ten years and help part-time workers who want more hours move to full time. >>> on wall streeshths stocks finished the day mixed. strong retail numbers boosd the dow, which rose by 27. nasdaq, though, lost six point way,ed down in large part by apple. the day was a dubous one for apple which closed below $500 a share for the...
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in a news conference yesterday the president said congress needs to act fast to avoid hurting the economy. without a deal, the treasury secretary timothy geithner warns that the nation could run out of money as soon as mid- february. that's sooner than originally estimated. >>> it's a different budget situation for california. the legislature's nonpartisan budget analyst agrees with the governor. after years of multi-billion- dollar deficits, california's budget is balanced. increased tax revenues are credited for balancing our budget. >>> well, if you haven't gotten the flu yet, you probably know someone who has. so far, california has not been hit as hard as the rest of the country. but doctors say that could change. cbs 5 reporter kiet do found out the best way to protect yourself is in short supply. >>> reporter: despite signs beckoning customers inside for a flu shot, nearly all cvs pharmacies in the bay area have run out. from san francisco to san jose, redwood city to union city, the nation's largest pharmacy could not keep up with local demand. after calling nearly every, single c
in a news conference yesterday the president said congress needs to act fast to avoid hurting the economy. without a deal, the treasury secretary timothy geithner warns that the nation could run out of money as soon as mid- february. that's sooner than originally estimated. >>> it's a different budget situation for california. the legislature's nonpartisan budget analyst agrees with the governor. after years of multi-billion- dollar deficits, california's budget is balanced. increased...
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president obama as warned that if congress doesn't raise the debt ceiling the economy could crash and there could be delays for social security checks and veterans benefits. >>> university of california leaders say tuition hikes can be avoided this fall if the system gets the funding increase proposed in governor brown's budget plan. the quarter billion-dollar increase is less than that what the uc system had hoped. but it's a turnaround from years of budget cuts. the extra funding is due in part to proposition 30, the tax measure approved by california voters in november. >>> 55,000 local students will have the same class plan for part of today lessons on digital media safety. commonsense media is teaming up with the san francisco unified school district for the program. it will cover such toppers as cyberbullying and who to trust online. >>> starting this week yelp will post san francisco's health department inspection results for restaurants next to the reviews. you wouldn't be able to miss them. it will be a number grade from 0 to 100 indicating how well the restaurant fared on it
president obama as warned that if congress doesn't raise the debt ceiling the economy could crash and there could be delays for social security checks and veterans benefits. >>> university of california leaders say tuition hikes can be avoided this fall if the system gets the funding increase proposed in governor brown's budget plan. the quarter billion-dollar increase is less than that what the uc system had hoped. but it's a turnaround from years of budget cuts. the extra funding is...
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asian stocks rallied on news that china's economy grew at nearly 8% in the 4th quarter. tokyo's nikkei shot up nearly 3% while hong kong's hang seng added 1%. >>> wall street stocks finished higher yesterday due in part to falling jobless claims and better-than-expected housing starts. the dow was up 84 points on thursday while the nasdaq rose 18 points. >>> and american airlines has a new look. the red, white and blue stripes along the fuselage are gone. now american planes will be all silver and sport a new logo, red and blue horizontal bars on the tail. american said after 40iers it was time to update its look. the airline says within five years, all of its planes will be switched over to the new look. definitely a more sleek look for them. >> do you like it? >> reporter: i'm not good for change. >> i think it looks better. >> wonder who has to pay for it. the passengers. >> reporter: that's a question on everyone's mind right now i think. >> speaking of change, apparently atms are going to be changing. >> reporter: yes. chase and pnc bank are switching to atms that w
asian stocks rallied on news that china's economy grew at nearly 8% in the 4th quarter. tokyo's nikkei shot up nearly 3% while hong kong's hang seng added 1%. >>> wall street stocks finished higher yesterday due in part to falling jobless claims and better-than-expected housing starts. the dow was up 84 points on thursday while the nasdaq rose 18 points. >>> and american airlines has a new look. the red, white and blue stripes along the fuselage are gone. now american planes...
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i'm just -- i'm just a victim of this economy. >> reporter: but the tenants say they are the real victims in this case. in san francisco, i'm da lin, cbs 5. >>> well, it is the go to website before going out. now yelp will offer more than food reviews. cbs 5 consumerwatch reporter julie watts on the additional information being offered to diners in san francisco. >> reporter: when it comes to eating out, clean is just as important as the cuisine. >> it's definitely important to me how clean a restaurant is. it's very important. >> you don't want to go into a restaurant and end up with ptomaine poisoning. >> reporter: well, starting this week san francisco diners will have one more protection against food-borne illnesses. yelp will now post the san francisco health department inspection results next to their reviews and star ratings. so your standard search will also include the numerical grade given to the restaurant from 0 to 100 on its last inspection. >> anything from the structural condition of the restaurant to if there's any type of vermin there to how they handle the food. >> repor
i'm just -- i'm just a victim of this economy. >> reporter: but the tenants say they are the real victims in this case. in san francisco, i'm da lin, cbs 5. >>> well, it is the go to website before going out. now yelp will offer more than food reviews. cbs 5 consumerwatch reporter julie watts on the additional information being offered to diners in san francisco. >> reporter: when it comes to eating out, clean is just as important as the cuisine. >> it's definitely...
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marched out of the realm of science fiction into the mainstream, competing for jobs and changing the economy. you would think they would run into each other. >> yeah, you would think that, but it never happens. >> when i see what computers and robots can do right now, i think we're going to find ourselves in a world where the work, as we currently think about it, is largely done by machines. >> pelley: this is where you grew up? >> in a public housing project. hola. ¿como estas? >> welcome to your old neighborhood. >> gracias. >> pelley: supreme court justice
marched out of the realm of science fiction into the mainstream, competing for jobs and changing the economy. you would think they would run into each other. >> yeah, you would think that, but it never happens. >> when i see what computers and robots can do right now, i think we're going to find ourselves in a world where the work, as we currently think about it, is largely done by machines. >> pelley: this is where you grew up? >> in a public housing project. hola....
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. >> this is one of her pedestrian projects based on the fact that tech is part of california's economy. last year she created something called privacy enforcement and protection units in the attorney general's office and this is lawyers specifically designated to look into online privacy issues. also last month, the attorney general sued delta because their fly delta app was collecting names, e-mails, and for flyer mile information without a privacy policy. so basically this report that she came out with on friday could be entitled, how not to get sued like delta. if they are found guilty of violating the privacy protection act, they could suffer $2,500 in fines per violation. so that can be a ton of money based on the number of people that use the apps. >> that's a whole new frontier? >> reporter: it is. one more thing. [ inaudible ] >> whatever. >> especially before you go with the practical effect. >> there are going to be pop- ups that you will be able to pay attention to or not. most of us are going to not. having said that, a lot of the app makers are angry that they are going to
. >> this is one of her pedestrian projects based on the fact that tech is part of california's economy. last year she created something called privacy enforcement and protection units in the attorney general's office and this is lawyers specifically designated to look into online privacy issues. also last month, the attorney general sued delta because their fly delta app was collecting names, e-mails, and for flyer mile information without a privacy policy. so basically this report that...
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the economy very happy to hear that. we saw a better-than-expected rise in retail sales in december up .5% overall from the month of november. that was better than expected given all the stress regarding the "fiscal cliff" threats and when you lock at the best performing category cars and trucks, 1.6% up overall in 2012 the best year for auto sales since 2007. the numbers overall would have been even better if you strip out a 1.6% decline in the price of gas. now, when it comes to that decline in gas prices, that led to lower inflation on wholesale side of the equation. the producer price index fell two-tenths of a percent last month from the month before. overall, wholesale side inflation in 2012 up only 1.3%. that compared to a 4.7% inacross in 2011 falling gas prices certainly helping out at the end of the year. stock market coming off a mixed day and looking at a lower open this morning. continuing concern over techs including apple and iphone 5 demand in the holiday quarter. a look at the big board the dow is down 2
the economy very happy to hear that. we saw a better-than-expected rise in retail sales in december up .5% overall from the month of november. that was better than expected given all the stress regarding the "fiscal cliff" threats and when you lock at the best performing category cars and trucks, 1.6% up overall in 2012 the best year for auto sales since 2007. the numbers overall would have been even better if you strip out a 1.6% decline in the price of gas. now, when it comes to...
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. >> reporter: we have some good news on the economy this morning. starting out with a labor department report that first time weekly unemployment claims fell by 37,000 to 335,000. lowest point in five years. four-week average down to 3359,000 meaning there's more hiring than firing. january is tough to figure out because of temporary holiday jobs that tend to go away at this time but this might indicate that some retailers are holding on to some of those employees a little longer perhaps even permanently. also good news on the housing market which just continues its recovery. commerce department reporting that housing starts in december were up over 900,000, more than 12% increase from the month before. and overall in 2012 up about 28% over the starts that we saw in 2011. prices are also on the increase and we're seeing fewer foreclosures. earnings are starting to roll in for the 4th quarter and ebay posted a nice quarter topping earning expectations thanks to big gains in its paypal unit. revenue came in just at about $4 billion. and ebay shares we
. >> reporter: we have some good news on the economy this morning. starting out with a labor department report that first time weekly unemployment claims fell by 37,000 to 335,000. lowest point in five years. four-week average down to 3359,000 meaning there's more hiring than firing. january is tough to figure out because of temporary holiday jobs that tend to go away at this time but this might indicate that some retailers are holding on to some of those employees a little longer perhaps...
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. >> they will not collect a ransom in exchange for not trashing the american economy. >> from the debt ceiling debate to gun control, president obama lays out what he expects from lawmakers. >> and speaking of gun control, how bay area police are working with schools to keep students safe in case of a shooting on campus. by the cold snap. by the cold snap. >>> the longer the temperature stays below freezing the more damage the artichokes succumb to. >> now at 6:30 crops damaged by the cold snap. the beg chill that has most of the state in its grip is starting to have an effect on our pocketbooks. len ramirez in monterey counted where farmers are seeing some damage to their crops already. len. >> reporter: that's right, there is some damage but not catastrophic yet. it's likely to be another sleepless night for california farmers. they will be up worrying about the damage the frost may be doing or they are going to be working around the clock to try and lessen the damage. >>> reporter: salinas valley farm crews spent the day working to protect crops from another night of frost in a stra
. >> they will not collect a ransom in exchange for not trashing the american economy. >> from the debt ceiling debate to gun control, president obama lays out what he expects from lawmakers. >> and speaking of gun control, how bay area police are working with schools to keep students safe in case of a shooting on campus. by the cold snap. by the cold snap. >>> the longer the temperature stays below freezing the more damage the artichokes succumb to. >> now at...
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that would be a good for market, sellers and buyers and the economy overall. >> reporter: we're not there right now? >> we're really hot. >> reporter: too hot? >> i think so. too hot to sustain. >> reporter: a lot of factors influence that median price including artificially low interest rates and buyers feeling pressure to bid ever higher. the fear is that the whole thing could collapse again. nobody wants to go back to 2009. but the warnings are there. if the market gets too hot, somebody could get burned. in concord, john ramos, cbs 5. >> the industry experts predict the higher prices will eventually lead to more inventory for sale. to see the housing numbers broken down county by county go to our website, cbssf.com. click on news. >>> a barber and father of a five-year-old girl is the first homicide victim of the year in san jose. cbs 5 reporter elissa harrington shows us the victim's family is turning to the public in their quest for answers. >> we don't want to wake up every morning asking the same question, why and who? >> reporter: why 34-year-old ivan segura was killed and who di
that would be a good for market, sellers and buyers and the economy overall. >> reporter: we're not there right now? >> we're really hot. >> reporter: too hot? >> i think so. too hot to sustain. >> reporter: a lot of factors influence that median price including artificially low interest rates and buyers feeling pressure to bid ever higher. the fear is that the whole thing could collapse again. nobody wants to go back to 2009. but the warnings are there. if the...
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i'm just -- i'm just a victim of the economy. >> reporter: but the tenants say they are the real victims in this case. in san francisco, i'm da lin, cbs 5. >>> let's check out mobile5 at the ferry building in san francisco tonight. ken bastida on plans to bring back something missing from this popular landmark. ken. >> reporter: yeah. hi, grace. well, if you look up at the ferry building tonight, you see it's bathed in this red glow. that of course is to honor the san francisco 49ers and their championship game this weekend. but in the coming weeks, probably two weeks, they are going to be adding something that's been missing for the past six months. the chimes on the clock. remember how it used to go off at the top of the hour and bottom of the hour? well, they are going to add that back in. and a port worker says people are complaining. they want to know where the chimes are. he says it's part of history and they're bringing it back. >> i think it's a piece of port history that, you know, the chinas have been around. you can't really have a clock without i guess the entire aura of what
i'm just -- i'm just a victim of the economy. >> reporter: but the tenants say they are the real victims in this case. in san francisco, i'm da lin, cbs 5. >>> let's check out mobile5 at the ferry building in san francisco tonight. ken bastida on plans to bring back something missing from this popular landmark. ken. >> reporter: yeah. hi, grace. well, if you look up at the ferry building tonight, you see it's bathed in this red glow. that of course is to honor the san...
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it's actually growing the local economy. i'm on the science committee and on the homeland security committee and lawrence livermore laboratory, they are our largest employer in the district and i want to get business and government on the same page, enable government research to create private sector jobs because i think technology is actually -- allows us to work in a bipartisan way because it knows no party. the way we communicate today is through our mobile devices and our ipads, our notebooks and so let's use technology, create new jobs, move forward. >> smart move. he's on the homeland security and tech committee and he's going to get the money for lawrence livermore lab which is in this district, politics 101, welcome to it congressman. >> thank you. >> congratulations. thanks for being here. we will be right back. [ crickets chirping ] [ traffic passing ] ♪ [ music box: lullaby ] [ man on tv, indistinct ] ♪ [ lullaby continues ] [ baby coos ] [ man announcing ] millions are still exposed to the dangers... of secon
it's actually growing the local economy. i'm on the science committee and on the homeland security committee and lawrence livermore laboratory, they are our largest employer in the district and i want to get business and government on the same page, enable government research to create private sector jobs because i think technology is actually -- allows us to work in a bipartisan way because it knows no party. the way we communicate today is through our mobile devices and our ipads, our...
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. >> just felt like the economy was starting to turn. and at the same time, the interest rates were ticking lower and lower. and that created a sense of urgency. >> reporter: they are hardly alone. at this development east of los angeles, sales have tripled over the last year. they're now selling homes faster than they can build them. >> this community is hopping. there's a lot of activity. >> reporter: real estate agent rose says it's a stark contrast to the scene here five years ago when the real estate boom went bust. >> there was a period where it was like a ghost town. >> a really good word for it. desolate. i did a lot of short sales and helped a lot of people move out of their dream homes and had nowhere to put them. >> reporter: and now the opposite? >> absolutely. now we're seeing it come full circle. >> reporter: and then some. >> the master bedroom. >> reporter: they haven't even furnished their four bedroom home with a view, but they have been approached by people asking -- >> are you interested in selling. i go, tough talk t
. >> just felt like the economy was starting to turn. and at the same time, the interest rates were ticking lower and lower. and that created a sense of urgency. >> reporter: they are hardly alone. at this development east of los angeles, sales have tripled over the last year. they're now selling homes faster than they can build them. >> this community is hopping. there's a lot of activity. >> reporter: real estate agent rose says it's a stark contrast to the scene here...
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it's actually growing the local economy. i'm on the science committee and homeland security committee, and lawrence livermore laboratory in sandia, they're our largest employer in the district. i want to get business and government on the same page, enable government research to create private sector jobs. i think technology is actually allowing us to work in a bipartisan way. because it knows no party. the way we communicate today is through our mobile devices and our. >> i joy pads and -- our ipads and our notebooks. >> and he'll be heading back off to washington. it's going to be quite a busy time for the young man. >> we'll be right back. ,,,,,,,, ,,,, . >>> oracle is working on a flaw right now in the java software after homeland security urged people to disable the program. hackers have figured out how to exploit a security bug to attack pcs allowing them to commit crimes like identity theft. it affects the -- affects the most recent version, java seven and other software designed for web browsers. java was the prime t
it's actually growing the local economy. i'm on the science committee and homeland security committee, and lawrence livermore laboratory in sandia, they're our largest employer in the district. i want to get business and government on the same page, enable government research to create private sector jobs. i think technology is actually allowing us to work in a bipartisan way. because it knows no party. the way we communicate today is through our mobile devices and our. >> i joy pads and...
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tied to spending cuts in a news conference he said congress needs to act fast to avoid hurting the economy. tim geithner says the nation could run out of money as soon as mid-february. >>> different budget situation for california legislature's nonpartisan budget analysts agrees with the governor after years of multi billion dollar budgets,. >>> after years of fighting doping allegations lance armstrong is coming clean the cycling legend sat down with oprah for an interview this afternoon at his >>> a homeland security warning for your computer. julie watts with the security flaw that could leave you exposed. >> i don't know if it is unprecedented but it is rarely done. >> reporter: he is talking about the homeland security warn ing to disable java software on your computer. hackers are exploiting vulnerables allowing you to be tricked into logging into fake bank siteusing your computer to attack other sites. or call has released a patch but security experts says the not good enough. >> this is one of the ongoing tensions with java it is very old as patches are released and they do plug ce
tied to spending cuts in a news conference he said congress needs to act fast to avoid hurting the economy. tim geithner says the nation could run out of money as soon as mid-february. >>> different budget situation for california legislature's nonpartisan budget analysts agrees with the governor after years of multi billion dollar budgets,. >>> after years of fighting doping allegations lance armstrong is coming clean the cycling legend sat down with oprah for an interview...
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much has to do with border enforcement, jobs and the california economy. since 2007 there's been less need for unskilled labor and a greater demand for workers with degrees. immigrants from asia, especially india, tend to be more highly educated. >> we see the united states of america as a pretty much gold mountain where we have endless opportunities to achieve. >> reporter: case in point, victor lu, he came to the united states as a refugee from vietnam and went into the restaurant supply business 25 years ago today. at 80,000 square feet his store is now one of the largest and most successful of its kind in the south bay. >> my parents both came about 33 years ago with nothing, no english. very limited english still today, but they decided to start a business and it flourished and with everybody's support it is what it is today. >> reporter: in the south bay, len ramirez, cbs5. >>> all this dry weather has put a dent in the snowpack now down from 137% to 109, but look at last year, 12% of normal. any snow on the mountains? any rain in your backyard? i go
much has to do with border enforcement, jobs and the california economy. since 2007 there's been less need for unskilled labor and a greater demand for workers with degrees. immigrants from asia, especially india, tend to be more highly educated. >> we see the united states of america as a pretty much gold mountain where we have endless opportunities to achieve. >> reporter: case in point, victor lu, he came to the united states as a refugee from vietnam and went into the restaurant...
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. >>> it felt like the economy was starting to turn. at the same time the interest rates kept getting lower and lower. >> taking advantage of a housing boom in the golden state. the sign the housing market is recovering in california and the rest of the country. >>> welcome back to first coast news at 11:00. it is 9:00 -- cbs 5 eyewitness news. it is 9:00, january january 20th. i am anne makovec. >> and i am phil matier. i just got word that president obama did complete his swearing in. >> yes. he did it before the top of the hour. >> the president just finished his private swearing in ceremony as we just mentioned at the was. supreme court chief justice roberts is there and using the first lady's family bible. here it is. >> i pa rack hussien obama do solemnly swear. >> that i will faithfully execute. >> the office of the president of the united states and will to the best of my ability preserve, protect and defend the constitution of the united states so help me god. >> congratulations mr. president. >> thank you mr. chief justice. th
. >>> it felt like the economy was starting to turn. at the same time the interest rates kept getting lower and lower. >> taking advantage of a housing boom in the golden state. the sign the housing market is recovering in california and the rest of the country. >>> welcome back to first coast news at 11:00. it is 9:00 -- cbs 5 eyewitness news. it is 9:00, january january 20th. i am anne makovec. >> and i am phil matier. i just got word that president obama did...
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the pollution has been growing in china since the economy took off with factories, power plants and cars pumping out smoke. the governor of texas said that banning planned parenthood would not hurt women. what's happened now when we come back. back. y men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. if you have high blood pressure and get a cold get coricidin hbp. the number one pharmacist recommended cold brand designed for people with high blood pressure. and the only one i use to relieve my cold s
the pollution has been growing in china since the economy took off with factories, power plants and cars pumping out smoke. the governor of texas said that banning planned parenthood would not hurt women. what's happened now when we come back. back. y men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information risks, fees and expenses to read and consider carefully before investing. >> you really having a mid-life crisis. >> really. i was afraid of that. >> it's sunday morning on cbs and here again is charles osgood. >> osgood: scarlett johansson built a loyal following with roles in movies like the 2003 film "lost in translation" where she starred opposite bill murray. the question now is whether all those movie fans will follow her to the broadway theater which is where anthony mason caught up with her with some questions and answers. >> reporter: beating up bad guys last summer as the black widow was part of a career transition for one of hollywood's greatest sex symbols. the next step will take scarlett johansson from the sound stage to the broadway stage. sometimes you wander around the theater
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information risks, fees and expenses to read and consider carefully before investing. >> you really having a mid-life crisis. >> really. i was afraid of that. >> it's sunday morning on cbs and here again is charles osgood....
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it can shut down half those cylinders for better fuel economy. and the interior now looks and feels much more like its european competitors >> pretty much anything that you can hear, feel or touch, you can pretty much customize it all >> reporter: this man is the corvette's chief engineer. and this is his baby. and it's the only one >> you're the first outside person >> reporter: am i really? to sit in one of these. reporter: so he was understandably a little nervous about taking us on its first ride. >> it just feels... i don't even know how to describe it. >> reporter: it will do 0 to 60 in less than four seconds. top speed: upwards of 190 miles an hour. >> there's no doubt in my mind that we'll be fully competitive with pretty much any other car: porsche, ferrari, you name it. >> reporter: if you had one word to describe this new vet what do you think it would be? >> wow. reporter: tom peters is the head of corvette design in charge of sculpting the body to make it fast and functional. >> this probably might have taken as much creative energy
it can shut down half those cylinders for better fuel economy. and the interior now looks and feels much more like its european competitors >> pretty much anything that you can hear, feel or touch, you can pretty much customize it all >> reporter: this man is the corvette's chief engineer. and this is his baby. and it's the only one >> you're the first outside person >> reporter: am i really? to sit in one of these. reporter: so he was understandably a little nervous...
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it would be a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so, to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting speaker boehner now, "a financial disaster" not only for us but for the worldwide economy. so, we've got to pay our bills, and republicans in congress have two choices here. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial wellbeing of the american people is not leveraged to be used. the full faith and credit of the united states of america is not a bargaining chip. and they'd better choose quickly because time is running short. the last time republicans in congress even flirted with this idea, our aaa c
it would be a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so, to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting speaker boehner now, "a financial disaster" not only for us but for the worldwide economy. so, we've got to pay our bills, and...
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180
Jan 15, 2013
01/13
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KPIX
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eye 180
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a couple years ago when the economy was really fragile, one of the ways to stimulate the economy was to lower the payroll tax for employees. so it went from 6.2% of your earnings down to 4.2%. that was awesome. it helped you get a little bit more money in your paycheck right? unfortunately, sadly now we're back at 6.2%. it was not extended as part of the fiscal cliff negotiations. >> it's interesting the footlocker chief executive, ken hicks, said that this payroll tax increase actually takes money out of the pockets of consumers. and so how do you think in general, what are economists saying about how it may affect consumer spending? >> a lot of the economists i talk to all the time were up in arms about this because they think that this payroll tax cut was a great form of stimulus. and now the resumption of that 6.2% number means we're probably going shave about a half a percent off our growth rate this year. you think, oh a half a percent, not a big deal. we're only growing by 2% a year so it is a big deal. >> in the beginning when you said between $18 and $20 less a week, it does
a couple years ago when the economy was really fragile, one of the ways to stimulate the economy was to lower the payroll tax for employees. so it went from 6.2% of your earnings down to 4.2%. that was awesome. it helped you get a little bit more money in your paycheck right? unfortunately, sadly now we're back at 6.2%. it was not extended as part of the fiscal cliff negotiations. >> it's interesting the footlocker chief executive, ken hicks, said that this payroll tax increase actually...
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209
Jan 16, 2013
01/13
by
KPIX
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eye 209
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>> they're an indication of how the economy is going. the economy is growing people are buying pickup trucks because we're building. construction is up. people are confident. they're not cheap. you can get some for 20 but some of the bigger ones, $50,000, $60,000. >> i've watched the news coming out of this auto show and everybody seemed to at least at the top or next to the top be talking about the new corvette stingray. >> the corvette stingray is the car of the show. that's the buzz. that's everything. you don't get a lot of corvettes. this is the seventh generation that the corvette has gone through since 1963. >> that's the first time we've had stingray used in the title. >> since the '60s. i grew up with two in the household. i'm a corvette fan. great car, it's always been the budget -- >> no leg room. >> in the front. two seats. nothing in the rear. >> nothing in the back. >> 450 horse power in the minimum. >> it's not green. >> the corvette is not about green, right? if you're out cruising, the current one can get up to 30 miles
>> they're an indication of how the economy is going. the economy is growing people are buying pickup trucks because we're building. construction is up. people are confident. they're not cheap. you can get some for 20 but some of the bigger ones, $50,000, $60,000. >> i've watched the news coming out of this auto show and everybody seemed to at least at the top or next to the top be talking about the new corvette stingray. >> the corvette stingray is the car of the show. that's...
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Jan 15, 2013
01/13
by
CNNW
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that hit markets and the wider economy hard, but it didn't cause interest rates to increase. this time could be different, however, because the rest of the world is getting its act together. even successful businesses like ford are worried. here's what ceo alan mulally told me today. >> i think the most important thing to your point is that we come together around a solution that allows us to live within our means, to reduce our budget deficits, and also to deal with our trade deficits, and create an environment where the businesses can grow in the united states. the most important thing is we come together with a comprehensive solution, not just working one piece or the other, but a comprehensive solution where we can start to grow the economy again for everybody. >> but the order in which we do things matters. first, raise the debt ceiling, allowing america to pay for its bills that it already racked up. then come up with a longer term plan that could put us back in fiscal good health. america's ability to meet its obligations should not be held hostage to an agreement on s
that hit markets and the wider economy hard, but it didn't cause interest rates to increase. this time could be different, however, because the rest of the world is getting its act together. even successful businesses like ford are worried. here's what ceo alan mulally told me today. >> i think the most important thing to your point is that we come together around a solution that allows us to live within our means, to reduce our budget deficits, and also to deal with our trade deficits,...
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81
Jan 16, 2013
01/13
by
CSPAN
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eye 81
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and a lot of the revenue coming into these economies is coming from tourism. they come to see historic structures. they come to see the way that many parts of the northeast were. when we were building the foundation of this country. that money should be made available in whole with federal dollars. mr. frelinghuysen's amendment is right on point. it needs to be included. so i know i'm getting to -- i've got a good speech written to thank you. we've got wonderful staff. but the fact is this is an opportunity -- mrs. lowey: i'm pleased to yield another minute. mr. moran: another minute. thank you, thank you, madam chair. the fact is that this is an opportunity to show what we're all about. do unto others as we would have them do unto us. let's make this money available. let the northeast repair itself, heal itself, get that economy back on its feet, start returning revenue to the federal government. the fact is that these northeast states contribute more to the federal treasury than they get out of the federal treasury. so let's get this done. and we want to rec
and a lot of the revenue coming into these economies is coming from tourism. they come to see historic structures. they come to see the way that many parts of the northeast were. when we were building the foundation of this country. that money should be made available in whole with federal dollars. mr. frelinghuysen's amendment is right on point. it needs to be included. so i know i'm getting to -- i've got a good speech written to thank you. we've got wonderful staff. but the fact is this is...
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103
Jan 14, 2013
01/13
by
CNBC
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eye 103
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yet the economy is -- the real economy is trading somewhat off its highs. if you look at europe, for example, where the headlines have been negative. the news flow has been awful. performance has been awful as well. so the market in europe has more reflected the performance of the real economy than it has here in the u.s. the fed qe program, the safe haven of the u.s. has caused money to flow to this part of the world. i think that leaves the u.s. a little pricier and perhaps more of a risk. >> it takes courage to fight the fed, though, right? >> absolutely. but ultimately and jack said it, fundamentals do matter. i think the market will reflect those. >> i heard active management does better in down markets than the index. they do better in the up markets. >> no question about it. and if you looked at the '08 to first quarter of '09 period, many people left them, haven't come back. god forbid we have another experience like that. then you'll see the index funds have a hard time recapturing the momentum. >> you see a blend of active and passive? >> i think
yet the economy is -- the real economy is trading somewhat off its highs. if you look at europe, for example, where the headlines have been negative. the news flow has been awful. performance has been awful as well. so the market in europe has more reflected the performance of the real economy than it has here in the u.s. the fed qe program, the safe haven of the u.s. has caused money to flow to this part of the world. i think that leaves the u.s. a little pricier and perhaps more of a risk....
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140
Jan 15, 2013
01/13
by
CNBC
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eye 140
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chances are the economy is going to get better. wouldn't that make you want to buy stocks right now. >> it does. we're not -- we're actually a little bit more bullish, esespecially the first six months of the year. we still are expecting slow growth, commodities where we're shorting assets, but in terms of u.s. and in terms of international, we do expect growth, and we are excited about what's happening, but later on in the year i think it's going to be another story. >> what do you mean by that, later on in the year? what's going to be the upset later on in the year? >> there's a lot more issues coming out in terms of europe later in the year. right now it's all about -- it's all about expectations of positive growth that we have in the u.s., but, you know, we still have issues, and investors have got to focus on -- we've got an incredible spending problem. there's still problems in europe so we don't really believe that this year is going to be like last year, but we do expect small positive returns though. >> rick santelli, i wa
chances are the economy is going to get better. wouldn't that make you want to buy stocks right now. >> it does. we're not -- we're actually a little bit more bullish, esespecially the first six months of the year. we still are expecting slow growth, commodities where we're shorting assets, but in terms of u.s. and in terms of international, we do expect growth, and we are excited about what's happening, but later on in the year i think it's going to be another story. >> what do you...